Why Europe needs two euros, not one

Jacques Melitz 02 July 2014

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One basic feature of the sickly situation in the Eurozone today is that the system does not clearly bear any essential flaw from the standpoint of Germany. All things considered, the country has not done badly since the Great Recession of 2008-2010. And as the Eurozone moves forward gingerly with necessary reforms in order to avoid a break-up of the system, it is evident that Germany is constantly under pressure to go further with concessions than it would prefer.

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Topics:  EU institutions EU policies

Tags:  Germany, eurozone, second common currency

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